Google Play introduces UPI Autopay payment option in India: What this means for users – Times of India
UPI Autopay makes setting up subscriptions easy. After selecting a subscription plan for purchase, users need to simply tap on the payment method in the cart, select “Pay with UPI”, and then approve the purchase in their supported UPI app.
Saurabh Agarwal, Head of Google Play Retail & Payments Activation, India, Vietnam, Australia & New Zealand said, “We are always looking at adding popular and effective forms of payment around the world to ensure people can pay for apps and in-app content conveniently. With the introduction of UPI Autopay on the platform, we aim to extend the convenience of UPI to subscription-based purchases, helping many more people access helpful and delightful services – while enabling local developers to grow their subscription-based businesses on Google Play.”
What is UPI Autopay
The National Payment Corporation of India (NPCI) launched UPI AutoPay in July 2020. The feature allows customers to enable e-mandate using any UPI application for recurring payments such as mobile bills, electricity bills, EMI payments, entertainment/OTT subscriptions, insurance, mutual funds among others. For users UPI Autopay means:
* Timely payments avoiding late fees/ penalty.
* Customised payment options (like monthly, quarterly etc) and amounts (Rs 1/- to Rs 5000+) for each and every customer is available in recurring mandates
* Modify/ Revoke/ Pause features also available for changing the orders placed as and when required
* Secure and Convenient way to do recurring payments
* Cashless way of transacting
* No documentation and paperwork required.
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